THREE COMPANIES FORM SEMICONDUCTOR PROJECT
Date: 13 April 2002
By Bloomberg News
Bloomberg News
STMicroelectronics, Royal Philips Electronics and Motorola plan to spend $1.4 billion by 2005 in partnership to develop semiconductors that are smaller, cheaper to make and more efficient; venture expands recent alliance among Philips, ST and Taiwan Semiconductor Manufacturing Co; will seek to develop technologies that allow more transistors to be integrated on single chip (S)
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MERCK TO REVISE LABEL INFORMATION FOR VIOXX
Date: 12 April 2002
By Bloomberg News
Bloomberg News
Merck & Co will revise prescribing information for its Vioxx painkiller to show both cardiovascular risks and benefit in reducing side effects like ulcers in arthritis patients; will include information on higher risks of heart attacks in Vioxx patients, compared with risk in patients taking older painkiller, naproxen; will also note results from study showing that Vioxx patients have fewer gastrointestinal side effects than patients on naproxen (S)
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SUCCESSOR IS NAMED FOR CHAIRMAN OF DEAN FOODS
Date: 13 April 2002
By Bloomberg News
Bloomberg News
Dean Foods Co names chief executive Gregg Engles to succeed chairman Howard M Dean, who retires (S)
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HALLIBURTON LOSES PATENT SUIT TO BJ SERVICES
Date: 13 April 2002
By Bloomberg News
Bloomberg News
BJ Services Co wins $98.1 million judgment for patent infringement against Halliburton Co, rival oil field services company, in case involving hydraulic fracturing method; Halliburton to appeal (S)
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F.C.C. CLEARS SALE OF TELEVISION STATION TO NBC
Date: 13 April 2002
By Bloomberg News
Bloomberg News
Granite Broadcasting Corp wins Federal Communications Commission approval to sell San Francisco television station KNTV to General Electric Co's NBC unit; says Paxson Communications Corp asked FCC to block sale because of legal dispute with NBC (S)
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DOLLAR GENERAL'S CREDIT RATING IS LOWERED TO JUNK
Date: 13 April 2002
By Bloomberg News
Bloomberg News
Standard & Poor's Corp cuts Dollar General Corp's credit rating to junk status (S)
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MOVIE GALLERY WARNS OF FRAUD IN COMPANY IT PURCHASED
Date: 13 April 2002
By Bloomberg News
Bloomberg News
Movie Gallery Inc charges former Video Update Inc officers may have perpetuated embezzlement and fraud before Movie Gallery bought bankrupt company in 2001, filing with Securities and Exchange Commission; Movie Gallery shares drop sharply (S)
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U.S. REQUESTS INFORMATION ON NORTHROP BID FOR TRW
Date: 12 April 2002
By Bloomberg News
Bloomberg News
Justice Department antitrust regulators have requested more information on Northrop Grumman's $11.4 billion unsolicited bid for TRW (S)
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BANKNORTH GROUP AGREES TO BUY BANCORP CONNECTICUT
Date: 12 April 2002
By Bloomberg News
Bloomberg News
Banknorth Group, Maine's biggest bank, will buy Bancorp Connecticut for $157 million (S)
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SOME FORD RETIREES WILL PAY MORE FOR MEDICAL CARE
Date: 12 April 2002
By Bloomberg News
Bloomberg News
Ford Motor Co tells retired salaried employees in US that they will pay more of their health care costs starting in June; retirees, who do not pay monthly premium now, may pay $5 to $150 per month depending on number of people covered, their Medicare status and coverage plan they select; retired workers represented by United Auto Workers are not affected (S)
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